27 Apr 2023, 09:00 AM
Rights Entitlements listing in April 2023When a company launches a rights issue, eligible shareholders receive Rights Entitlements (RE) in their demat accounts. These REs are not rights shares by themselves and need to be used to apply for the rights shares. The REs will be in the form of temporary demat securities which will lapse if you do not use them to apply for the rights or sell them.
The following REs are listed in the month of April:
|Company||Rights Entitlement (RE)||ISIN||RE Listing date||RE Last trading date||Last date to apply for rights shares|
|Bright Solar Limited||BRIGHT-RE||INE684Z20010||April 03||April 06||April 10|
|AF Enterprises Limited||AFEL-RE||INE663P20015||April 05||April 13||April 20|
|SEPC Limited||SEPC-RE||INE964H20014||April 10||April 18||April 24|
|PNB Housing Finance Ltd||PNB-RE||INE572E20012||April 13||April 24||April 27|
|MKVentures Capital Ltd||MKVEN-RE||INE874A20010||April 17||April 20||April 25|
|Som Distilleries And Breweries Ltd||SDBL-RE1||INE480C20020||April 26||May 08||May 11|
|GI Engineering Solutions Ltd||GISO-RE||INE065J20016||April 27||May 03||May 09|
You will not be able to transact the REs intraday as they are settled on a trade-to-trade basis.